
NEW UPDATE REPORT – DCM Balances Softer Q4 Revenue by Returning Cash to Shareholders with New Dividend Program
We have written a 9-page Update Report on DATA Communications Management (DCM) after it announced preliminary fiscal 2024 financial results, with revenue expected between $478M and $480M, slightly below prior estimates. Adjusted EBITDA is projected at $62M to $64M, in line with expectations. The Company also introduced a dividend program, including a special dividend of $0.20 per share and a regular quarterly dividend of $0.025 per share. Revenue was impacted by project timing shifts, the exit from low-margin accounts, and the Canada Post strike, but cost efficiencies from the Moore Canada Corporation integration supported profitability. Final results will be released on March 12, 2025. [more]